March 10, 2020, 10am PDT
Oil prices crashed Monday due to a disagreement between two of the world's largest oil producers, Saudi Arabia and Russia, amidst a slump in oil demand due to the outbreak of the coronavirus pandemic. Oil will flood the market as demand drops.
December 17, 2019, 1pm PST
Almost 80% of oil extraction in the nation's sixth largest oil-producing state occurs in Kern County. Supervisors see the California governor's climate plan to reduce oil production as a threat to the county's economic well-being.
The Bakersfield Californian
November 6, 2019, 9am PST
A surge of oil from four countries—Norway, Guyana, Canada and Brazil—will more than compensate for slowing growth of U.S. oil production. The new sources might cause oil prices to dip to $50 a barrel and slow the transition to electric vehicles.
April 28, 2019, 9am PDT
The Bakersfield Office of the Bureau of Land Management released an environmental study that is the basis for undoing a 2013 de facto moratorium on fracking on federal lands in California. The Supplemental EIS triggers a 45-day public comment period.
January 30, 2019, 8am PST
With an "unprecedented" amount of money coming in from booming oil production, New Mexico legislators are considering how to spend the extra money.
December 27, 2018, 12pm PST
Oil independence, a goal set by President Nixon in the depth of the 1973 energy embargo, was achieved in the last week of November thanks to a fluke in record keeping as well as an "unprecedented boom in American oil production."
December 24, 2018, 7am PST
"A generation ago, Venezuela’s capital was one of Latin America’s most thriving, glamorous cities; an oil-fuelled, tree-lined cauldron of culture that guidebooks hailed as a mecca for foodies, night owls and art fans."
November 4, 2018, 7am PST
Unlike energy issues that will appear in the form of ballot initiatives on Tuesday in three western states, voters in New Mexico will cast their energy vote in their choice for state land commissioner, an arcane position with considerable authority.
October 13, 2018, 1pm PDT
Driven by foreign demand, a surge in West Texas oil production is having adverse effects on the local populace, and contributes to climate change at a crucial moment.
September 10, 2018, 10am PDT
As climate hawks gather in San Francisco for the Global Climate Action Summit that convenes Wednesday, Gov. Jerry Brown, host of the summit, is dogged by critics who can't distinguish between oil production and consumption.
May 29, 2018, 8am PDT
Memorial Day gas prices are the highest since 2014, The rising price of gas has already negated the tax savings from last year's tax cuts bill for low-income Americans. Retaining fuel economy standards would increase energy security.
January 6, 2018, 1pm PST
The current U.S. record is 10 million barrels per day set in 1970. Last year averaged 9.2 million b/d. Experts believe that record will be reached this spring, if it hasn't already. Can Trump claim credit for the surging production?
August 28, 2017, 10am PDT
One need not be on the Gulf Coast to experience some of the effects of Hurricane Harvey, a category 4 storm that landed near Corpus Christi on Friday night. Gas prices are expected to rise five to ten cents per gallon in some regions, then recede.
May 27, 2017, 7am PDT
The California governor, known for his outspoken climate advocacy, signed the nation's toughest fracking regulation bill in 2013. His response to those who want to ban fracking is that priority must be on reducing oil consumption.
March 27, 2017, 1pm PDT
While Congress is attempting to roll back a federal regulation on methane emissions, the California Air Resources Board approved a landmark rule that regulates methane emissions from onshore and offshore oil and gas production and storage facilities.
October 23, 2016, 7am PDT
During the second presidential debate Democratic candidate Hillary Clinton claimed that the "U.S. was energy independent." Some in the media, including Politifact, were quick to report that claim as "false." And the news just got worse.
March 28, 2016, 10am PDT
Gas prices are on the rise, though they will remain well below 2014 levels through this year. U.S. oil production dropped by 600,000 barrels from last year, while gas consumption is on track to break the 2007 record thanks to cheap gas and more SUVs.
February 3, 2016, 9am PST
The only major candidate, Democrat or Republican, to call for an end to the contentious ethanol mandate won the Republican caucus, clearly beating Donald Trump. That could doom what many even in Iowa, among even some farmers, call a boondoggle.
The New York Times - Politics
December 29, 2015, 12pm PST
Not only might Alaskans have to pay a state income for the first time since 1980, three years after the Trans-Alaska Pipeline was completed, but Alaska Permanent Fund checks might drop 50 percent to cope with falling crude oil tax revenue.
December 17, 2015, 10am PST
Thanks to a 'must-pass' omnibus spending bill that President Obama indicated he would sign, the ban on crude oil exports, a relic of the 1973 Arab oil embargo, will be lifted. In exchange, energy credits will be extended for wind and solar products.